Mobileye Global (NASDAQ:MBLY) Price Target Raised to $18.00 at Robert W. Baird

Mobileye Global (NASDAQ:MBLY) had its price target raised by analysts at Robert W. Baird from $17.00 to $18.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s price target points to a potential upside of 15.61% from the stock’s current price.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada lowered Mobileye Global from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $24.00 to $11.00 in a research report on Tuesday, October 15th. Needham & Company LLC lowered their target price on shares of Mobileye Global from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Wolfe Research cut shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Finally, Hsbc Global Res upgraded Mobileye Global to a “strong-buy” rating in a report on Monday, July 15th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and a consensus price target of $23.25.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $15.57 on Friday. The firm’s 50 day moving average price is $12.77 and its two-hundred day moving average price is $20.82. Mobileye Global has a 52-week low of $10.48 and a 52-week high of $44.48. The stock has a market cap of $12.60 billion, a PE ratio of -4.27 and a beta of 0.07.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $439.00 million during the quarter, compared to analysts’ expectations of $424.34 million. Mobileye Global had a positive return on equity of 0.60% and a negative net margin of 164.13%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. As a group, sell-side analysts predict that Mobileye Global will post -0.06 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Patrick P. Gelsinger bought 6,400 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the purchase, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Mobileye Global

A number of large investors have recently added to or reduced their stakes in MBLY. Tobam acquired a new position in shares of Mobileye Global in the first quarter valued at approximately $7,168,000. Carson Advisory Inc. acquired a new stake in shares of Mobileye Global during the 1st quarter worth $240,000. DAVENPORT & Co LLC increased its position in shares of Mobileye Global by 20.9% in the first quarter. DAVENPORT & Co LLC now owns 2,364,377 shares of the company’s stock worth $76,519,000 after purchasing an additional 408,038 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Mobileye Global in the first quarter worth $2,163,000. Finally, Mystic Asset Management Inc. acquired a new position in Mobileye Global in the first quarter valued at about $349,000. Institutional investors own 13.25% of the company’s stock.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.